JPM · 10-Q · 2026Q2 · Full report
Capital Adequacy and Requirements
JPMORGAN CHASE & CO · 2026-08-06 · Importance 55 · Surprise 32 · No source text
At June 30, 2026, standardized CET1 capital was $302.619 billion and the standardized CET1 ratio was 14.2%, compared with 14.6% at December 31, 2025, against an 11.5% requirement. Standardized risk-weighted assets increased to $2.132 trillion from $1.982 trillion, primarily due to a $151.669 billion increase from portfolio-level movements. Advanced total capital was $346.248 billion and the Advanced Total Capital ratio was 16.3%, making it the most binding constraint for total capital. The firm’s estimated U.S. Basel III Re-Proposal and GSIB Surcharge Re-Proposal would together increase required CET1 capital by approximately 4% versus the requirement expected under current rules on January 1, 2028.
Key facts
- The RWA rollforward under the Standardized approach shows Credit risk RWA increased from $1,889,409 million at December 31, 2025 to $2,026,821 million at June 30, 2026. source
- Change in Standardized/Advanced CET1 capital for the six months ended June 30, 2026 was $14,150 million, resulting in CET1 capital at June 30, 2026 of $302,619 million. source
- Total long-term unsecured funding at June 30, 2026: $387,390 million. source
- Common stockholders’ equity at June 30, 2026: $353,558 million. source
- Standardized risk-weighted assets were $2,132,428 million as of June 30, 2026, compared with $1,981,692 million as of December 31, 2025. source
- Total leverage exposure was $5,844,422 million as of June 30, 2026. source
- Total eligible external TLAC was $590.5 billion and eligible LTD was $250.3 billion as of June 30, 2026. source
- The Firm's current Stress Capital Buffer (SCB) requirement is 2.5% and will remain in effect through September 30, 2027. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | positive | realized | +7.7% | Total long-term unsecured funding at June 30, 2026: $387,390 million. |
| assets | positive | realized | +7.0% | Common stockholders’ equity at June 30, 2026: $353,558 million. |
| assets | negative | realized | -3.0% | Standardized risk-weighted assets were $2,132,428 million as of June 30, 2026, compared with $1,981,692 million as of December 31, 2025. |
| assets | negative | realized | -2.7% | The RWA rollforward under the Standardized approach shows Credit risk RWA increased from $1,889,409 million at December 31, 2025 to… |
| assets | positive | realized | +0.3% | Change in Standardized/Advanced CET1 capital for the six months ended June 30, 2026 was $14,150 million, resulting in CET1 capital at June… |
| assets | unclear | realized | — | Total leverage exposure was $5,844,422 million as of June 30, 2026. |
| liability | positive | realized | — | Total eligible external TLAC was $590.5 billion and eligible LTD was $250.3 billion as of June 30, 2026. |